Free usda loan calculator
Calculate USDA loan payments including 1% upfront guarantee fee and 0.35% annual fee — no down payment required, updated live, as you type.
On this page10 sections
Taxes, insurance & fees
All results are estimates. How accurate is this?
Your loan over time
Full Amortization Schedule
Your mortgage payment is $2,447.62 per month for a $400,000 home.
| Home price | $400,000.00 |
| Down payment | $80,000.00 (20%) |
| Loan amount | $320,000.00 |
| Interest rate | 6.5% |
| Loan term | 30 years (360 payments) |
| Principal & interest | $2,022.62 |
| Property tax (mo) | $300.00 |
| Home insurance (mo) | $125.00 |
| Total monthly payment | $2,447.62 |
| Total of 360 payments | $728,142.36 |
| Total interest paid | $408,142.36 |
How does the term affect my payment?
How does the down payment affect my payment?
Payment schedule
| # | Date | Payment | Principal | Interest | Balance |
|---|---|---|---|---|---|
| 1 | Jul 2026 | $2,022.62 | $289.28 | $1,733.33 | $319,710.72 |
| 2 | Aug 2026 | $2,022.62 | $290.85 | $1,731.77 | $319,419.86 |
| 3 | Sep 2026 | $2,022.62 | $292.43 | $1,730.19 | $319,127.44 |
| 4 | Oct 2026 | $2,022.62 | $294.01 | $1,728.61 | $318,833.43 |
| 5 | Nov 2026 | $2,022.62 | $295.60 | $1,727.01 | $318,537.82 |
| 6 | Dec 2026 | $2,022.62 | $297.20 | $1,725.41 | $318,240.62 |
| 7 | Jan 2027 | $2,022.62 | $298.81 | $1,723.80 | $317,941.80 |
| 8 | Feb 2027 | $2,022.62 | $300.43 | $1,722.18 | $317,641.37 |
| 9 | Mar 2027 | $2,022.62 | $302.06 | $1,720.56 | $317,339.31 |
| 10 | Apr 2027 | $2,022.62 | $303.70 | $1,718.92 | $317,035.62 |
| 11 | May 2027 | $2,022.62 | $305.34 | $1,717.28 | $316,730.27 |
| 12 | Jun 2027 | $2,022.62 | $307.00 | $1,715.62 | $316,423.28 |
Results are estimates. Consult a professional.
How the USDA loan calculator works
A USDA Rural Development Guaranteed loan offers zero down payment to eligible borrowers in qualifying rural and suburban areas. The calculator computes the total monthly payment including the standard amortizing P&I payment on the financed amount (which includes the upfront guarantee fee rolled in) plus the recurring annual fee billed monthly.
The USDA annual fee (0.35%) is comparable to FHA's annual MIP (0.55% for most loans) but lower — and USDA borrowers pay no down payment, while FHA requires 3.5%. Eligibility depends on property location (must be in a USDA-eligible rural area) and household income (must be at or below 115% of the area median income).
USDA Rural Development — Single Family Housing Guaranteed Loan Program fees and rates.Worked example: $250k USDA loan at 6.5%
You buy a $250,000 home in a USDA-eligible rural area with zero down payment. Your rate is 6.5% on a 30-year fixed term. The 1% upfront guarantee fee is added to the loan; the 0.35% annual fee is collected monthly.
USDA total monthly payment by purchase price and rate
All figures below include P&I on the financed amount (purchase price + 1% upfront fee) plus the 0.35% annual fee billed monthly, assuming a 30-year fixed term and zero down payment.
| Purchase Price | 6.0% rate | 6.5% rate | 7.0% rate |
|---|---|---|---|
| $150,000 | $952/mo | $1,001/mo | $1,052/mo |
| $200,000 | $1,269/mo | $1,334/mo | $1,403/mo |
| $250,000 | $1,586/mo | $1,670/mo | $1,754/mo |
| $300,000 | $1,903/mo | $2,001/mo | $2,104/mo |
Source: USDA Rural Development, CFPB. Includes 1% upfront guarantee fee rolled into loan and 0.35% annual fee. Does not include property taxes, homeowners insurance, or HOA fees.
Tips for getting a USDA loan
USDA loans are among the best mortgage products available for eligible borrowers — but the eligibility rules are specific. Check these five things before you apply.
- Verify property eligibility first. Use the USDA's online address-lookup tool at eligibility.sc.egov.usda.gov before you fall in love with a property. Areas near cities often qualify even if they feel suburban; some towns that seem rural do not qualify.
- Check the household income limit. The limit is 115% of the area median income for the county — and it counts all household members' income, not just the borrower's. Income limits vary widely by location and family size.
- Plan for the closing cost gap. USDA covers no down payment but you still owe 2–5% of the purchase price in closing costs. Many USDA buyers ask for seller concessions to cover these — USDA allows sellers to pay up to 6% of the sale price toward buyer closing costs.
- The annual fee decreases over time. The 0.35% annual fee is calculated on the remaining loan balance, so it slowly drops each year as you pay down principal. It is not a flat fee for the life of the loan.
- Compare USDA to FHA side by side. In most cases USDA wins on monthly payment (lower annual fee, no down payment) if the property qualifies. But if you are buying in a non-rural area you will need FHA or conventional — run both scenarios in the calculators before choosing a loan type.
Accuracy and limitations
This calculator uses the current USDA standard guarantee fee rates (1% upfront, 0.35% annual) and a 30-year fixed term. USDA sets these fees annually and they can change. The monthly annual fee in this calculator is held constant at the initial loan amount for simplicity; in reality it decreases as the balance is paid down. The calculator does not include property taxes, homeowners insurance, or potential HOA dues, which are required escrow items on USDA loans.
Not financial or tax advice — consult a qualified professional for your situation.
USDA loan terms defined
About this USDA loan calculator
This calculator runs entirely in your browser — nothing you enter is sent to any server.
Browse more in our finance calculators, or explore the complete library on the free calculators page.